An agricultural or horticultural loan commitment as used in Section 10203.5 and in Article 5.9 (commencing with Section 779.1), Chapter 1, Part 2, Division 1 means a binding agreement to loan money up to a fixed amount as needed for agricultural or horticultural purposes, which commitment is issued by:
(1)
A national or state commercial bank; or(2)
A federal intermediate credit bank or a production credit association organized under the Farm Credit Act of 1933, as amended; lawfully operating in this State.
Source:
Section 10203.55, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=10203.55..